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Alibaba is becoming an investment company
Release time:
2023-06-26
In 1999, Jack Ma and 18 other partners from different backgrounds founded Alibaba. But at the beginning of its establishment, Alibaba was in dire straits, with a major weakness being the lack of investment. After joining as a former senior executive at Goldman Sachs, Cai Chongxin successfully secured financing through his network, helping Alibaba secure a Series A financing of $5 million on December 1, 1999. This investment is led by Goldman Sachs Group.
Many people believe that without Cai Chongxin, Alibaba would not survive the Internet foam at the turn of the century, let alone become a company for 102 years.
As a fundraising expert, Cai Chongxin is commonly referred to as the God of Wealth of Alibaba. Simply put, to describe Cai Chongxin, it means "being able to increase capital and afford investment."
Looking back at Alibaba's entrepreneurial journey, Cai Chongxin conducted a total of four capital increases. Almost always trying to turn the tide.
Alibaba's first financing was obtained through Cai Chongxin.
In 1999, Jack Ma and 18 other partners from different backgrounds founded Alibaba. But at the beginning of its establishment, Alibaba was in dire straits, but its weakness was the lack of investment.
After joining as a former senior executive at Goldman Sachs, Cai Chongxin successfully secured financing through his network, helping Alibaba secure a Series A financing of $5 million on December 1, 1999. This investment is led by Goldman Sachs Group.
Little known is that Alibaba's company registration, early management structure, and capital structure were almost all built by Cai Chongxin.
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Hotline:021-59815432
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Email:yusheng@yusheng.net.cn
Add: 335 Lutong Road, Liantang Town Industrial Park, Qingpu, Shanghai
Add:1188 Xinsong Steam Road, Liantang Town Industrial Park, Qingpu, Shanghai
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